For its latest trading sesion, Zynex, Inc. (NASDAQ:ZYXI) spiked up by 5.4% – here is what that looked like (as of 2020-01-06):
Why are these moves happning?? To have a greater insight of what is happening, it is helpful to analyze some technical indicators. The most interesting and telling are these ones:
A Money Flow Index (MFI) of 24.88, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of -0.001, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.412, an Accumulation/Distribution Index (ADI) of 0.412, an On-Balance Volume (OBV) of 70.95, and a Chaiikin Money Flow (CMF) of -7.92. 1.0
So what do these technical indicators mean? Let’s see. Consulting Trading View, putting it all together gets the following:
That is what an analysis of technical indicators seems to indicate for Zynex, Inc. (NASDAQ:ZYXI). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.